Personal income from assets spiked in December and then fell back in January, reflecting accelerated and special dividend distributions at the end of the year. Savings increased by nearly the same amount, reflecting the fact that most of the extra income was not immediately used.
With the expiration of the payroll tax holiday, the percent of money withheld from paychecks for government social insurance increased in January. A decrease in the amount of money saved offset much of the shock.
Additional detail:
- Rental income has been trending up since 2007.